2024, Vol. 5, Issue 1, Part D
A review of UPI helping business move towards a cashless economy in Bangalore
Author(s): Kushal Vaishnav, Jai K Garg, Yashvardhan Bishnoi and Varalakshmi S
Abstract: The transformative role of Unified Payments Interface (UPI) in facilitating the transition towards a cashless economy, particularly in Bangalore, India. UPI, a real-time payment system developed by the National Payments Corporation of India (NPCI), has emerged as a pivotal tool for businesses, offering convenience, security, and efficiency in financial transactions. In the context of Bangalore, a burgeoning hub of technology and commerce, the adoption of UPI has accelerated, driven by its user-friendly interface and widespread acceptance. This abstract delves into the multifaceted benefits of UPI for businesses, including streamlined operations, enhanced financial transparency, and broader access to digital payments. Additionally, it highlights the challenges and opportunities associated with the integration of UPI into the local business ecosystem. Through case studies and empirical analysis, the pivotal role of UPI in catalyzing the transition towards a cashless economy in Bangalore, thereby fostering economic growth, financial inclusion, and digital empowerment.
DOI: 10.22271/27084515.2024.v5.i1d.269
Pages: 284-288 | Views: 354 | Downloads: 202
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How to cite this article:
Kushal Vaishnav, Jai K Garg, Yashvardhan Bishnoi, Varalakshmi S. A review of UPI helping business move towards a cashless economy in Bangalore. Asian J Manage Commerce 2024;5(1):284-288. DOI: 10.22271/27084515.2024.v5.i1d.269
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